Templeton Latin America Fund August 31, 2021

FTIF - Templeton Latin America Fund August 31, 2021

FTIF - Templeton Latin America August 31, 2021 Fund

Portfolio Holdings

The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the annual financial statements of the fund.

Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date

2311238 AGUAS ANDINAS SA 25,207,469 $5,637,478 0.77% N/A N/A

BG7ZWY7 AMBEV SA 6,942,756 $22,961,024 3.13% N/A N/A

B06L266 AMERICANAS SA 2,198,825 $17,588,728 2.40% N/A N/A

BF7LBH4 ATACADAO SA 4,417,886 $15,507,950 2.12% N/A N/A

BG36ZK1 B3 SA - BRASIL BOLSA BALCAO 11,013,794 $29,970,521 4.09% N/A N/A

059460303 BANCO BRADESCO SA 6,714,231 $30,079,754 4.11% N/A N/A

BOLSA MEXICANA DE VALORES SAB DE B39VVF6 17,358,842 $35,954,394 4.91% N/A N/A CV

B1RYG58 BR MALLS PARTICIPACOES SA 2,160,864 $3,773,796 0.52% N/A N/A

2840970 CCR SA 3,637,359 $8,617,583 1.18% N/A N/A

B031NN3 CPFL ENERGIA SA 2,405,287 $13,509,111 1.84% N/A N/A

2232878 CREDICORP LTD 90,355 $9,634,553 1.31% N/A N/A

B27WY88 DEXCO SA 3,037,011 $12,105,636 1.65% N/A N/A

2311443 EMBOTELLADORA ANDINA SA 4,122,168 $8,337,680 1.14% N/A N/A

FOMENTO ECONOMICO MEXICANO SAB 2242059 2,326,820 $20,258,906 2.76% N/A N/A DE CV

GRUPO AEROPORTUARIO DEL P4959P100 886,438 $10,322,368 1.41% N/A N/A PACIFICO SAB DE CV

GRUPO FINANCIERO BANORTE SAB DE 2421041 4,805,996 $31,724,830 4.33% N/A N/A CV

2643674 GRUPO MEXICO SAB DE CV 10,747,275 $50,058,755 6.83% N/A N/A

HAPVIDA PARTICIPACOES E BF4J7N9 2,693,445 $7,667,948 1.05% N/A N/A INVESTIMENTOS SA

IGUATEMI EMPRESA DE SHOPPING B1NXMK6 1,025,533 $6,781,285 0.93% N/A N/A CENTERS SA

BK8WRM8 INTERCORP FINANCIAL SERVICES INC 857,445 $19,386,831 2.65% N/A N/A

2458771 ITAUSA SA 16,097,457 $35,989,711 4.91% N/A N/A

2849739 ITAU UNIBANCO HOLDING SA 4,382,883 $25,990,496 3.55% N/A N/A

KIMBERLY-CLARK DE MEXICO SAB DE 2491914 11,263,023 $19,890,882 2.71% N/A N/A CV

B08K3S0 LOCALIZA RENT A CAR SA 1,751,631 $18,788,224 2.56% N/A N/A

franklintempleton.lu 1 FTIF - Templeton Latin America Fund August 31, 2021

Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date

2523367 LOJAS AMERICANAS SA 5,520,314 $6,213,696 0.85% N/A N/A

DDD1033582 NATURA & CO HOLDING SA 856,453 $8,550,367 1.17% N/A N/A

2683777 PETROBRAS DISTRIBUIDORA SA 1,428,075 $7,509,715 1.02% N/A N/A

DDD265376 PETROLEO BRASILEIRO SA 10,717,016 $56,356,802 7.69% N/A N/A

BNDQ8P6 REDE D'OR SAO LUIZ SA 1,303,002 $17,342,951 2.37% N/A N/A

BYXZ2W5 RUMO SA 5,864,276 $21,231,638 2.90% N/A N/A

BFH4PZ9 SER EDUCACIONAL SA 1,708,100 $4,287,965 0.59% N/A N/A

SOCIEDAD QUIMICA Y MINERA DE 2718301 91,848 $4,802,907 0.66% N/A N/A CHILE SA SOQUIMICH

B10LQP6 TOTVS SA 4,664,691 $35,725,747 4.88% N/A N/A

2196286 VALE SA 3,419,303 $65,257,432 8.91% N/A N/A

P98180188 WAL-MART DE MEXICO SAB DE CV 7,135,908 $25,389,266 3.46% N/A N/A

BK4Y052 XP INC 258,408 $12,571,549 1.72% N/A N/A

franklintempleton.lu 2 FTIF - Templeton Latin America Fund August 31, 2021

LUXEMBOURG PUBLIC DISCLAIMER

This information is intended to be of general information and interest only and does not constitute legal or neither tax advice nor is it an offer for shares or invitation to apply for shares of the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (the “Fund”). Nothing in this information should be construed as investment advice.

Information and data provided at publication date are subject to change without prior notice especially given the rapidly changing market environment. Franklin Templeton Investments disclaims responsibility for updating this data and should not be liable to any user of this information or to any other person or entity for the inaccuracy of information or any errors or omissions in its content, regardless of the cause of such inaccuracy, error or omission.

Subscriptions to shares of the Fund can only be made on the basis of the current prospectus of the Fund and where available, in the relevant Key Investor Information Document, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter.

The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance is not an indication or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations.

An investment in the Fund entails risks which are described in the Fund’s prospectus and where available, in the relevant Key Investor Information Document. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks more fully described in the Fund’s prospectus and where available, in the relevant Key Investor Information Document.

No shares of the Fund may be directly or indirectly offered or sold to nationals or residents of the United States of America. Shares of the Fund are not available for distribution in all jurisdictions and prospective investors should confirm availability with their local Franklin Templeton Investments representative before making any plans to invest.

Any research and analysis contained in this document has been procured by Franklin Templeton Investments for its own purposes and is provided to you only incidentally. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund’s future performance.

Please consult your financial advisor before deciding to invest. A copy of the latest prospectus, and where available, the relevant Key Investor Information Document, the annual report and semi-annual report, if published, thereafter can be found on our website www.ftidocuments.com or can be obtained, free of charge, from Franklin Templeton International Services S.à r.l.- Supervised by the Commission de Surveillance du Secteur Financier - 8A, rue Albert Borschette L-1246 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76.

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